Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-056-10-39  08-437904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%          47%                             
08-RIV-10-R105.0/R135.5                    Federal Project:                             
                                     ACIM-010-5(45)                                     
                             ACIM-010-5(45)                                             
                                                                                        
Progress payment No. 07            Payment period ending: 02-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01768                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       5,713,608.95       34,643.24                      
2.a. Extra Work                          33,102.91            0.00                      
  b. Adjustment Comp.                   123,182.69      -20,628.41                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        5,869,894.55       14,014.83                      
5. Mobilization                         525,000.00            0.00                      
6. Total Work Completed    6,394,894.55                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -293,494.73         -700.74                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            6,101,399.82       13,314.09                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       293,490.00                                                  
12. Net Pymt. this Estimate                              13,314.09